Ethereum Surges Past $4,500, Opening Doors for ERC Tokens
Ethereum’s price recently soared past $4,500, achieving its highest point since November 2021. This colossal 218% jump from its April low now gives Ethereum a market cap surpassing $533 billion.
Several factors fuel this surge, including increased demand from big players like BitMine, The Ether Machine, and SharpLink, plus continuous inflows into ETH ETFs. With Ethereum thriving, other ERC tokens could benefit too.Let’s look at three promising options:
- Pepe (PEPE): As the second-largest meme coin on Ethereum, Pepe stands out. being above its 50-day and 100-day EMA suggests further gains. A 35% rise to $0.00001628 seems plausible.
- Chainlink (LINK): With strong technical indicators, such as a double-bottom pattern at $11 and a golden cross, LINK is an attractive buy. Its total value locked hit $93 billion, showing robust fundamentals. The price might climb to $30 soon.
- Ethena (ENA): Ethena’s total value locked surged to $10 billion, a marked betterment from Q1 lows. Crossing the 50% fibonacci retracement at $0.7783 points towards a target of $1.
As Ethereum keeps climbing, these tokens could experience bullish trends. Investors might want to take a closer look at these opportunities.
